Are you talking about a price fluc based on 347k shares traded for the day when the register has 598 million? That’s under $10k or .05% of the market cap.
Personally I wouldn’t be reading to much into it. But that’s just my opinion. I’d be more interested in the EV in relation to the cash. Is the market giving much value to the resource at the moment? Doesn’t look like it. Might be the sentiment based on the fact Lithium prices a shot, and profitability amongst many producers extremely low.
not sure of the profit margin of ASN at todays prices? You might be right and MANs claim doesn’t have the potential to be profitable… might answer your question on why the reentry has not happened as quickly as you thought? All speculation, have you done any research into why the re entry you were worried about has not eventuated yet?
MAN Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)